Seeking Alpha
View as an RSS Feed

Matthew Davis  

View Matthew Davis' Comments BY TICKER:
Latest  |  Highest rated
  • Q1 GDP revised down to -0.7% [View news story]
    I say 2016 because new history dictates once the sitting president is about to leave the FOIA document dump reveals all the obfuscation about holding the economy together with shoe strings and financial razmataz.

    Bush to Clinton to Bush to Obama. Every one of these presidents had to deal with a first half recession. Very short memories people have.
    May 29, 2015. 04:05 PM | Likes Like |Link to Comment
  • Q1 GDP revised down to -0.7% [View news story]
    We are now in a cycle pf negative 1st Q GDP for over 2 years now. This is the third. Not only that, our housing market is beginning to bubble again due to over investment through money laundering from foreign investors. The Miami market is an all cash market of flippers selling to flippers again. This is going to end badly in 2016 when the band aids are pulled off.
    May 29, 2015. 09:54 AM | 3 Likes Like |Link to Comment
  • Electronic Arts: FY2015 Review And FY2016 Outlook [View article]
    EA has botched the Star Wars game and are going to milk every penny they can out of the consumer. Its hard to say if its a genius move or will backfire. I will not preorder after hearing the lack of content they give for $59-69. If its like BF4 where you potentially chuck over $120 for a premium edition and micro transctions for weapons and maps, I will never buy it. Im mad because I waited a ver long time for the game and utterly disappointed. Why didnt they hand this gem to the Call of Duty guys. At leastnwe would have gotten a compelling campaign...which Bfront3 doesnt have either. BS.
    May 15, 2015. 10:37 PM | Likes Like |Link to Comment
  • Video game spending up 3%; Xbox One takes console lead [View news story]
    the X1 promotion slashing it to $350 with the full Halo series bundle was a good deal. Im not surprised, I bought a PS4 and its completely featureless compared to X1.
    May 15, 2015. 10:32 PM | 6 Likes Like |Link to Comment
  • Nintendo Could Rival King Digital, Zynga And Glu Mobile [View article]
    A ride at Universal is years away, and licensing will not be that much.
    May 9, 2015. 10:51 AM | Likes Like |Link to Comment
  • Pick These 3 Stocks Over Disney To Profit From The Avengers And Star Wars [View article]
    Spoke too soon on EA there is a big riot online over how they are handling their Star Wars game. It won't flop but pretty outrageous.
    May 9, 2015. 10:45 AM | Likes Like |Link to Comment
  • 8% Yield With Interest Rate Protection From PennantPark Floating Rate Capital [View article]
    Is your record better than 50%?

    If so, I would encourage you to start a newsletter, blog and charge for it. You would make more money with stock suggestions than trading.
    May 3, 2015. 10:21 AM | 1 Like Like |Link to Comment
  • 8% Yield With Interest Rate Protection From PennantPark Floating Rate Capital [View article]
    I appreciate those who take on risk such as that. You are brave. With a vast majority of stock pickers getting it right less than 50% of the time, I wish you all the best.
    May 1, 2015. 01:40 PM | 1 Like Like |Link to Comment
  • 8% Yield With Interest Rate Protection From PennantPark Floating Rate Capital [View article]
    It's an income vehicle as I stated in my comment.
    May 1, 2015. 01:39 PM | Likes Like |Link to Comment
  • 8% Yield With Interest Rate Protection From PennantPark Floating Rate Capital [View article]
    Did I say I would never invest in them again?

    not worth does not eaqul never.

    I don't, but I could.
    May 1, 2015. 11:33 AM | Likes Like |Link to Comment
  • 8% Yield With Interest Rate Protection From PennantPark Floating Rate Capital [View article]
    "PennantPark Floating Rate Capital Ltd. is a business development company. The Company is a closed-end, externally managed, non-diversified investment company. The Company's objective is to generate current income and capital appreciation by investing primarily in loans bearing a variable-rate of interest, or Floating Rate Loans, and other investments made to the United States middle-market companies. The Investment Adviser of the Company has invested in Aerospace and Defense, Auto Sector, Beverage, Food and Tobacco, Financial Services, Buildings and Real Estate and other industries." -E*trade

    This isn't necessarily a straight up BDC. Its more like a closed end fund with corporate status. Probably set up this way for tax reasons.

    Not only that, this is listed as a fund on pennant park's website.

    "PennantPark Floating Rate Capital Ltd. (NASDAQ: PFLT)
    is an externally managed investment company that has elected
    to be treated as a business development company under the
    Investment Company Act of 1940." - PennantPark website

    With that out of the way. Closed end funds tend to underperform severely whatever index they track. Not only this, but the interest rate risk tends to be over blown by sentiment of the market. I suspect, that once rate hikes are telegraphed through outlets such as CNBC, this stock will take a big hit regardless of cash balance and positive net income.

    YTD this stock has been a low beta of .6 which is a welcome steady freddy style income stock. It has done nothing in terms of price appreciation over the last year.

    To me, its not worth investing in because I want growth and have been burned by mREITs, BDCs CEFs and Oil stocks. These are highly sensitive stocks that can wipe you out in a day.
    May 1, 2015. 10:26 AM | Likes Like |Link to Comment
  • 8% Yield With Interest Rate Protection From PennantPark Floating Rate Capital [View article]
    If you don't like a counter point of view, then good luck to you.
    May 1, 2015. 09:37 AM | 2 Likes Like |Link to Comment
  • 8% Yield With Interest Rate Protection From PennantPark Floating Rate Capital [View article]
    This author loves writing about some of the worst stocks. Look at performance, industry peers and shrinking eps, dividend, and price per share to see that BDC, mREIT, are just not worth the risk right now due to unknowns with the Fed, economy, ect. These stocks are high risk and highly volatile. Juicy dividends often sucker investors into value traps.
    May 1, 2015. 08:02 AM | 7 Likes Like |Link to Comment
  • TheStreet: An Interesting Play Below $2 [View article]
    what is your cost basis for such small transactions? $9 a trade even $5 a trade would eat profits.
    Apr 28, 2015. 08:21 AM | Likes Like |Link to Comment
  • Apple's Watch Strategy Embraces The 80-20 Rule [View article]
    imvo

    Very thoughtful response, and it's appreciated.

    However, your take on the argument is correct. Future versions perhaps, but just because engineers that worked on non-invasive glucose meters were hired, doesn't mean they were hired to develop that.

    This is speculation run wild, and even if it is feasible, no one at Apple has even mentioned it. This rumor was started by a fan boy website using pure speculation to create hype about a product to which people devour without doing actual research.

    "I grow tired and weary..."
    Apr 27, 2015. 06:43 AM | 1 Like Like |Link to Comment
COMMENTS STATS
4,373 Comments
4,347 Likes